Millions of bushels could be donated to “starving countries” according to President Trump.
While US soybean production has kept growing over the past few years to exceed 4bio bushels/year, it is deeply impacted by the trade war, as China represents almost 25% of its end destination. In the coming months, soybean producers, already deeply impacted, will have no choice but to rely on political decisions and look at Washington and Beijing to find a common ground.
In the mean time, technical and operational hurdles might make it difficult for Trump to effectively make it available to people in need.
Source. USDA, CARD.
Track the impact of latest developments on your portfolio with www.quantilia.com